Bocock's Ex'or v. Alleghany Coal & Iron Co.

Citations

• 82 Va. 913

Syllabus

<p>1. Corporations—Charter and by-laws—Notice of.—Persons dealing with a corporation are affected with notice of the provisions of its charter, constitution, and by-laws. Haden v Ins. Co., 80 Va. 691.</p> <p>2. Idem—Case at bar.—N. and two others contracted for sale of land to A. C. & I. Co., through D., whom they took to be its authorized representative, and incurred expense in perfecting the title with a view to conveyance on payment of the price in cash, according to contract. The company refused to take the land, and denied D.’s authority to bind it by his contracts. N. and his associates brought their billfor specificperf amanee against the company, D. and others, but they entirely failed to prove D.’s authority to bind the company.</p> <p>Held:</p> <p>The plaintiffs, were affected with notice of the corporation’s mode under its by-laws of authorizing agents to bind it by purchases of land, and dealt with D. at their peril, and cannot be heard to complain of the company’s refusal to recognize his purchase.</p>